UWM Holdings Corporation $UWMC is Platinum Equity LLC’s 2nd Largest Position

Platinum Equity LLC lessened its holdings in UWM Holdings Corporation (NYSE:UWMC) by 56.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,990,201 shares of the company’s stock after selling 3,919,119 shares during the period. UWM makes up approximately 37.6% of Platinum Equity LLC’s portfolio, making the stock its 2nd largest position. Platinum Equity LLC owned 0.19% of UWM worth $13,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after buying an additional 4,091 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of UWM during the 2nd quarter worth $35,000. Farther Finance Advisors LLC lifted its position in shares of UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of UWM during the 3rd quarter worth $38,000. Finally, Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of UWM during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 1,003,333 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.39, for a total value of $3,401,298.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,941,486 shares of company stock valued at $84,173,589 over the last three months. 80.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UWMC. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research report on Wednesday, February 25th. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of UWM in a research report on Friday, June 5th. Argus raised shares of UWM to a “hold” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, UWM currently has a consensus rating of “Hold” and an average price target of $5.19.

UWM Price Performance

Shares of UWMC opened at $2.44 on Wednesday. UWM Holdings Corporation has a 1-year low of $2.28 and a 1-year high of $7.14. The stock has a market cap of $3.90 billion, a PE ratio of 9.02 and a beta of 1.72. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day moving average price of $3.24 and a 200 day moving average price of $4.22.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. UWM had a net margin of 1.92% and a return on equity of 19.01%. The firm had revenue of $901.43 million during the quarter, compared to analysts’ expectations of $709.85 million. As a group, sell-side analysts anticipate that UWM Holdings Corporation will post 0.38 EPS for the current year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 16.4%. UWM’s payout ratio is 148.15%.

UWM Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.